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Turkey Says Hike to 15% Is First Step of Monetary-Tightening Era
Politics

Turkey Says Hike to 15% Is First Step of Monetary-Tightening Era

July 3, 2023 admin-dominor

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Turkey’s central bank said last month’s interest-rate raise was the “first step” of a monetary tightening cycle, as the administration of newly-reelected President Recep Tayyip Erdogan tries to slow inflation of almost 40%.



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  • Independent research group shows Turkey’s annual inflation at 108 pct in June – Turkish Minute
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